Holi Offer: 10% OFF on CAclubindia Pro. Subscribe Now! Use Code: HOLIPRO10

Stamp Duty on Conversion of Pvt Ltd into LLP

2022 views 2 replies

Dilip Kumar Gupta

Practicing CA

39 Points Joined August 2008

Dear All,

Fact of Case: A Private Limited Company having Rs. 1 crs. of paid up share capital and Rs. 2 crs. of reserves & surplus. The Company is in the process of conversion into LLP. The company is registered in Mumbai ROC and will be remain in preview of Mumbai ROC.

Query: Whether stamp duty on conversion is payable. What is incidence of that? If yes, at what rate or what is slab for that?

Replies (2)

Riddhi Jain

Chartered Accountant

120 Points Joined November 2011

No Stamp Duty is to be paid

All movable and immovable properties of the company automatically vest in the LLP. No instrument of transfer is required to be executed and hence no stamp duty is required to be paid.